UP84
UP84
  • Threads: 3
  • Posts: 370
Joined: May 22, 2012
May 23rd, 2012 at 9:09:30 AM permalink
I've got a question about JB's optimal strategy as laid out in the enormous optimal strategy document over on The Wizard of Odds pai gow tiles pages.

What House Way was used to generate this strategy? It doesn't say in the notes and I didn't see anything on the web pages explicitly indicating what House Way was assumed. Thanks!

btw…It's an AMAZING document.
dwheatley
dwheatley
  • Threads: 25
  • Posts: 1246
Joined: Nov 16, 2009
May 23rd, 2012 at 9:14:11 AM permalink
All of JB's other strategies are optimized against Foxwoods.

https://wizardofodds.com/games/pai-gow-tiles/house-way/foxwoods/
Wisdom is the quality that keeps you out of situations where you would otherwise need it
WongBo
WongBo
  • Threads: 62
  • Posts: 2126
Joined: Feb 3, 2012
May 23rd, 2012 at 9:18:02 AM permalink
my understanding is that it is an optimal strategy
against someone also playing an optimal strategy.
that is why it says "optimal single house strategy".
in the notes on the tiles page,
it says that most house ways do not play this optimally.
In a bet, there is a fool and a thief. - Proverb.
Wizard
Administrator
Wizard
  • Threads: 1493
  • Posts: 26485
Joined: Oct 14, 2009
May 23rd, 2012 at 9:57:29 AM permalink
Quote: WongBo

my understanding is that it is an optimal strategy against someone also playing an optimal strategy.



That is my understanding as well.

Quote:

it says that most house ways do not play this optimally.



Not even close. The house way could be simplified and strengthened at the same time. The main flaw in the house way is that it is too conservative, balancing the hands too often. To maximize expected value, it should try to achieve a higher low before before reverting to the general "balance the hands" rule.

JB could speak to this a lot better. Hopefully he finds this thread.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
UP84
UP84
  • Threads: 3
  • Posts: 370
Joined: May 22, 2012
May 25th, 2012 at 3:33:20 PM permalink
Ok, thanks very much. I see now it's an optimal v. optimal strategy.

Now for stupid question #2 on something I'm not totally clear about. I see on the page listing the house edges that using JB's Advanced Strategy with exceptions gives a house edge of -0.15% when banking and +1.71% when not banking.

Assuming you're playing one-on-one with the dealer and you bank whenever it's your turn to. Does the -0.15% house edge referred to apply only on those occasions when you ARE the banker, [with the +1.71% edge kicking in during the house's turn to bank for an overall house edge which is approximately the average of the two (+0.78)], or is the -0.15% the "overall" house edge you will experience as a player who chooses to bank whenever possible?

To put the question in more straightforward terms; if I play at a casino that uses the Foxwoods House Way and I employ JB's Advanced Strategy with exceptions and bank whenever given the opportunity (assume I'm one-on-one with the dealer), what will be the overall final long term house edge?

Thanks again.
PapaChubby
PapaChubby
  • Threads: 11
  • Posts: 495
Joined: Mar 29, 2010
May 25th, 2012 at 4:06:03 PM permalink
It is my understanding that the -0.15% applies only to wagers made while you are banking, and the +1.71% applies to those made while the house is banking. If you bank every other hand, and wager the same on every bet, I would assume that your overall edge is 0.78%. You're allowed to wager a little more while banking (+10%?) so you could possibly reduce the edge a bit more if you exercised this option. If you're playing against other players as well when you bank, then the -0.15% would apply toward the wagers you make against them. But this will also reduce the frequency with which you can bank.
  • Jump to: